How reliable is head and shoulders pattern, Nifty50 1D
The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. The pattern appears on all time frames and can, therefore, be used by all types of traders and investors.
The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time. The regular head and shoulders pattern is defined by two swing highs (the shoulders) with a higher high (the head) between them.
Publishing chart what caught by my naked eyes...!
Rest all on you...
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The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time. The regular head and shoulders pattern is defined by two swing highs (the shoulders) with a higher high (the head) between them.
Publishing chart what caught by my naked eyes...!
Rest all on you...
Regards
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Will this happen?
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Looks bearishness coming and it might be a right pattern...